Question: At an effective annual interest rate i, the present value of a perpetuity that pays 10 at the end of every 3 years, with

At an effective annual interest rate i, the present value of a

At an effective annual interest rate i, the present value of a perpetuity that pays 10 at the end of every 3 years, with the first payment at the end of year 3, is 32. At the same effective annual rate i, the present value of a perpetuity that pays 1 at the end of every 4 months, with the first payment at the end of 4 months, is X. Calculate X

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